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Steve Keen

La economía desenmascarada

Libros Singulares

Antonio Sanz Fuentes

Diario de un criminólogo incomprendido

Breve, conciso y, sobre todo, con los pies en la tierra, este libro nos ofrece una instantánea de la situación del mercado laboral de nuestro país y analiza los caminos que empresarios, directivos y trabajadores tienen por delante. Javier Esteban construye su análisis sobre seis ejes críticos: digitalización, diferencias generacionales, dimisiones masivas, trabajo remoto, automatización de procesos y el papel de los líderes ante los nuevos paradigmas empresariales.

Javier Esteban

Seis claves para comprender el futuro del trabajo

Algoritmos, renuncias y otros mitos del empleo

Master's Thesis from the year 2024 in the subject Business economics - Investment and Finance, grade: 1,7, University of Hamburg, language: English, abstract: This study uses OLS regressions to analyze the impact of institutional ownership (IO) investment horizons on stock price synchronicity and crash risk for a sample of U.S. companies. Two main hypotheses are tested: 
(1) long-term (short-term) IO (LTIO) (STIO) are negatively (positively) related to stock price synchronicity, and 
(2) long-term (short-term) IO are negatively (positively) related stock price crash risk.

Stock price synchronicity (SYNCH) measures how much firm-specific returns align with overall market returns, while crash risk (NCSKEW, DUVOL, COUNT) indicates the likelihood of a sudden, significant price drop. The theory posits that short-term investors, more prone to sell shares, provide weaker oversight, giving managers more freedom to influence cash flows and increasing synchronicity. In contrast, long-term investors establish stronger management relationships, reducing synchronicity through enhanced oversight.

The findings reveal that both long-term and short-term IO positively impact synchronicity, contradicting the hypothesis for long-term IO. This aligns with literature suggesting institutional investors use superior information mainly for trading rather than management engagement.

For crash risk, results support the agency theory: long-term IO is associated with reduced crash risk due to better monitoring, while short-term IO correlates with higher crash risk due to frequent trading and weaker oversight. These findings align with prior research, indicating that bad news is disclosed under long-term monitoring, causing abrupt price drops.

During the 2008 financial crisis, average crash risk was significantly higher, especially for financial firms. The interaction between IO horizons and the crisis suggests complex dynamics needing further study, particularly the negative interaction of long-term and aggregated IO during recessions.

Robustness checks, including firm fixed-effects regressions and variable changes, confirm primary findings but suggest cautious interpretation for long-term IO results. Limitations include a relatively short observation period (2000-2017), potential measurement biases in tax avoidance proxies (long-run cash effective tax rate (LRETR)), and unaddressed endogeneity concerns.

Future research should explore evolving ownership structures, corporate social responsibility, and impacts of recent disruptions like the COVID-19 pandemic on crash risk.

 Anonymous

Institutional Ownership and Stock Price Crash Risk

Juan José Periago Morant

Tratamiento jurídico penal del falso cultural

Borja Pascual

Guía completa de productos de inversión para construir patrimonio y libertad financiera

GuíaBurros: Invertir con criterio

Aus der Reihe: e-fellows.net stipendiaten-wissen

Juan Ignacio Berardi

Estudio comparativo de fuentes para la producción de biodiésel en la Argentina: soja vs. microalgas

Leonel Amador Pérez

Orlando Nacer Awad

Ernesto García López del Castillo

Desarrollo industrial de Cuba. Antecedentes, hitos y realidades T-2

Cómo duplicar el ingreso de todos los mexicanos de Salvador Alva es una propuesta audaz y transformadora para sacar a México del estancamiento económico y llevarlo hacia un futuro próspero. Con un enfoque claro en tres pilares fundamentales —el fomento al emprendimiento, el desarrollo del talento y la creación de ciudades sostenibles—, el autor plantea cómo el país puede alcanzar un crecimiento económico del 6% al 8% anual, duplicando el ingreso de todos los mexicanos en una década. A través de un análisis profundo de la situación actual y ejemplos de naciones que han logrado superar la barrera del desarrollo, Salvador ofrece una hoja de ruta práctica y realista para transformar México en una nación más justa, innovadora y próspera.

Salvador Alva

Una propuesta que cambiaría el rumbo del país

Cómo duplicar el ingreso de todos los mexicanos

Business and Economics (German Language)

&lt;p&gt;&lt;span lang="EN-US" style="mso-ansi-language: EN-US;"&gt;Against the backdrop of the unprecedented increase in the inherent risk potential of the current global economic environment, organizational resilience is a critical imperative for multinational corporations. Despite this acknowledgment, global crises, such as the COVID-19 pandemic and more recently the Russia-Ukraine war, have highlighted that many multinational companies are inadequately prepared for such extreme situations, revealing a significant research gap in the field of organizational resilience. Utilizing a comprehensive analysis&amp;nbsp;of economic literature and qualitative interviews with senior management,&lt;strong&gt;&lt;em&gt;&amp;nbsp;&lt;/em&gt;&lt;/strong&gt;this book attempts to close this research gap by developing&amp;nbsp;cross-industry recommendations for developing and maintaining organizational resilience in the long term.&lt;/span&gt;&lt;/p&gt;

Leonie Silveira

Organizational Resilience of Multinational Companies in Response to Global Crises

La economía desenmascarada

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